For SaleExcellent Deal0 days on market
1615 Babcock Dr
1615 Babcock Dr, Fort Wayne, IN 46819, Fort Wayne, IN 46819
$119,900
Estimate®:$162,300$42,400 Under Market
Listing Price
1615 Babcock Dr, Fort Wayne, IN 46819
Loc: Fort Wayne, IN
Days Listed
0
Tax Assessed
$158k
Estimate®
$162k
26% Under Valued
Lot Size
10,019 sqft
Rent Estimate
$1,298/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Maplewood Elementary School
PK-5
1.5 mi away
3
Miami Middle School
6-8
1.8 mi away
2
Wayne High School
9-12
2.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle storyhorizontal sidingasphalt shingle roofbay windowconcrete drivewaymature treesresidentialsuburbanmodestexterior lightingtraditionalfixer upper
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 8/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.94%
Total ROI
131.4%
Cash Flow
$171/mo
DSCR
1.27
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $171/mo net cash flow with a 7.9% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.9%)
- • Strong rental demand in Fort Wayne
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $119,900 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $917.38 | $157,500 |
| 2024 | $851.38 | $107,400 |
| 2023 | $686.72 | $105,100 |
| 2022 | $699.74 | $90,100 |
| 2021 | $1,735.24 | $88,300 |
| 2020 | $1,626.68 | $79,300 |
| 2019 | $1,477.4 | $74,700 |
| 2018 | $1,433.44 | $67,400 |
| 2017 | $107.2 | $64,800 |
| 2016 | $49.72 | $61,100 |
| 2014 | $48.76 | $57,200 |
| 2013 | $47.8 | $57,200 |
| 2011 | $45.92 | $54,100 |
| 2010 | $0 | $54,100 |
| 2007 | $0 | $70,800 |
| 2005 | $0 | $48,000 |
| 2004 | $0 | $48,000 |
| 2001 | $0 | $32,600 |
| 1999 | $0 | $10,860 |
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